Key Points
- Director Jeffrey Hanson sold 19,208 shares of American Healthcare REIT (AHR) on Dec. 23 at an average price of $48.40, totaling $929,667.20, per an SEC filing.
- AHR declared a quarterly dividend of $0.25 per share (ex-dividend Dec. 31, payable Jan. 16), equal to an annualized $1.00 and a 2.1% yield, though the dividend payout ratio is extremely high at 714.29%.
- Analysts have raised targets into the mid-$50s and the consensus rating is "Buy" with an average target of $51.64, while the stock trades at a high P/E of 344.82 and a market cap of about $8.54 billion.
American Healthcare REIT, Inc. (NYSE:AHR - Get Free Report) Director Jeffrey Hanson sold 19,208 shares of the stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of $48.40, for a total value of $929,667.20. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
American Healthcare REIT Stock Up 0.7%
American Healthcare REIT stock opened at $48.28 on Tuesday. The stock's 50 day moving average price is $47.79 and its 200 day moving average price is $42.65. American Healthcare REIT, Inc. has a 1-year low of $26.40 and a 1-year high of $51.01. The company has a market cap of $8.54 billion, a PE ratio of 344.82, a price-to-earnings-growth ratio of 2.00 and a beta of 0.93. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.44 and a quick ratio of 0.44.
American Healthcare REIT Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 16th. Stockholders of record on Wednesday, December 31st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.1%. American Healthcare REIT's dividend payout ratio is 714.29%.
Analysts Set New Price Targets
AHR has been the topic of a number of research analyst reports. Scotiabank boosted their price objective on shares of American Healthcare REIT from $47.00 to $55.00 and gave the stock a "sector outperform" rating in a report on Thursday, November 13th. Morgan Stanley lifted their price target on shares of American Healthcare REIT from $52.00 to $55.00 and gave the company an "overweight" rating in a research report on Thursday, November 20th. Citizens Jmp boosted their price target on American Healthcare REIT from $50.00 to $60.00 and gave the stock a "market outperform" rating in a research note on Monday, November 10th. Jefferies Financial Group reaffirmed a "buy" rating on shares of American Healthcare REIT in a research note on Monday, December 15th. Finally, Truist Financial boosted their target price on American Healthcare REIT from $46.00 to $53.00 and gave the stock a "buy" rating in a research report on Wednesday, November 26th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $51.64.
Get Our Latest Stock Report on AHR
Institutional Investors Weigh In On American Healthcare REIT
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Creative Planning increased its holdings in shares of American Healthcare REIT by 4.5% during the 2nd quarter. Creative Planning now owns 37,467 shares of the company's stock worth $1,377,000 after buying an additional 1,628 shares during the last quarter. Envestnet Portfolio Solutions Inc. acquired a new stake in American Healthcare REIT during the second quarter worth about $207,000. Franklin Resources Inc. raised its holdings in shares of American Healthcare REIT by 44.3% in the 2nd quarter. Franklin Resources Inc. now owns 236,110 shares of the company's stock worth $8,675,000 after purchasing an additional 72,502 shares during the period. Beacon Financial Advisory LLC acquired a new position in shares of American Healthcare REIT in the 2nd quarter valued at about $230,000. Finally, Orion Porfolio Solutions LLC grew its holdings in shares of American Healthcare REIT by 101.3% during the 2nd quarter. Orion Porfolio Solutions LLC now owns 30,057 shares of the company's stock worth $1,104,000 after purchasing an additional 15,128 shares during the period. Hedge funds and other institutional investors own 16.68% of the company's stock.
About American Healthcare REIT
(
Get Free Report)
American Healthcare REIT, Inc (NYSE: AHR) was a publicly traded real estate investment trust focused on acquiring, owning and managing healthcare‐related properties across the United States. The company's portfolio spanned senior housing communities, skilled nursing facilities, medical office buildings and outpatient care centers, all operated under long‐term net lease or triple‐net lease structures designed to provide stable, predictable rental income.
Employing a strategy of partnering with established healthcare operators, American Healthcare REIT targeted properties in both major metropolitan areas and high‐growth secondary markets to capitalize on demographic trends such as an aging population and increased demand for outpatient services.
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